Academy of Chiropractic Personal Injury & Primary Spine Care Program

Quickie Consult 1178
Office Systems 106 OS

From the Desk of Dr. Mark Studin
Academy of Chiropractic

Preamble: Many of the issues I bring to you are very small, yet each issue is just that, an issue. If you take care of the small issues, then you will be able to build and more importantly, focus on the bigger issues...a larger practice and more family time. -Mark Studin 2006

"Get paid more with uninsured motorist policy"


Dr Studin: So you just brought to my attention a very good construct.

Guest Dr: At least in Colorado, I'm the attorney years and they settled the BI bodily injury portion of the claim. And then there are certain situations where they'll been go after the UIM coverage. We always get called after the settlement of the BI claim with potential reductions. And of course that's a whole different story Whether you want to do that or not, I'm willing to do that within reason. But then I just suddenly realized, wait a minute, they settled the BI, I offer a 15% reduction, I get paid and they could be making money on the back end on the UIM claim. And so I might just leaving money on the table unnecessarily.

Dr Studin: So let's back up. So people understand what the acronyms mean. Bodily injury means you're going after the policy of the at fault party to see whatever the settlement is or the verdict and that's the first phase of the case. UIM is uninsured motorist. The BI, the bodily injury is against the third party. In other words, if I hit you, you're going to Sue my insurance company for bodily injury. But now uninsured motorist means that I have no insurance. So in your own insurance policy, you have a provision of uninsured motorist So your own insurance company's going pay that now, it's not the bodily injury. It's if there's a med pay in your policy. Then after that, it's either third party, someone else's policy or your own policy uninsured motorist, because there's not going to be an insured third party and then your uninsured motorist that won't kick in because there is a policy on the other side.

Guest Dr: Yeah, unless they're short. That's what I find. Sometimes they'll settle the BI for, let's see, a $25,000 low policy limits when they're going after the patients UIM coverage for the differential.

Dr Studin: so here's the issue and that is a perfect question. So now the new standard is you're going to say to the attorney that I never take more than a third of a settlement, which includes all med pay, all third party recovery and all uninsured motorist recovery. So the lawyer has to now certify all forms of finances have been exhausted before you consider adjusting your bill and the lawyer has got to sign off on that.

Guest Dr: That was kind of what I was thinking

Dr Studin: yes, that's a great one. 

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